New York, NY -- (SBWIRE) -- 12/18/2020 -- The global Autologous Cell Therapy Product market is forecast to reach USD 35.64 Billion by 2027, according to a new report by Reports and Data. The chief factor driving the market is the increasing incidence of chronic diseases such as cancer, autoimmune diseases, and cancer, among others. The increase in the population suffering from chronic disorders is also augmenting the market revenue.

The global market for autologous cell therapy product is predicted to demonstrate a highly competitive environment in subsequent years. In order to gain entrance into the national market, the top performers in the market participate in joint ventures, takeovers, mergers and benefits. In developed nations, companies are also setting up autologous cell therapy product manufacturing units and branches, and this initiative is leading to high consumer demand.

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Some of the key market growth drivers are the introduction of appropriate guidelines for the manufacture of cell therapy, the development of innovative genomic analysis methods, a broad variety of studies by cancer societies, and the proven efficacy of transplants. The growth of the market is limited by some pharmacological and development problems and regulatory hurdles. As a major donor to the economic development of the world, the Japanese government has recognized autologous cell therapy and regenerative medicine.

Over the forecast period, North America is expected to be the most profitable region. Due to the substantial amount of funding for clinical trials by the government and private sector, the United States will be the leading contributor and is expected to witness high growth. During the forecast period, the region is projected to display a CAGR of 18.2 percent.

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The COVID-19 Impact on Autologous Cell Therapy Product Market:

The market for autologous cell therapy product will witness a surge in demand as biopharmaceutical innovators are in the front line for the human response to the global COVID-19 pandemic. A remarkable number of biotech firms are in the midst of the race to scrutinize the virus's genome and are trying to develop a viable vaccine. These companies are investigating the virus at an unparalleled rate, and considerable funds are being invested in the research. The companies are in trial, and the private and public sectors are working continuously for the development of the vaccine.

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Key participants in autologous cell therapy product market include:

Brainstorm Cell Therapeutics Inc.
Bayer AG
Daiichi Sankyo Co. Ltd.
Holostem Terapie Avanzate
FUJIFILM Holdings Corp.
Teva Pharmaceutical Industries Ltd
Osiris Therapeutics Inc.
Sumitomo Chemical Co. Ltd.
Takeda Pharmaceutical Co. Ltd
Vericel Corp

Autologous Cell Therapy Product Market: Segmentation

For the purpose of this report, Reports and Data has segmented into the global Autologous Cell Therapy Product market on the basis of source, end-user, application, and region:

Source Outlook (Revenue, USD Billion; 2017-2027)

Bone Marrow
Epidermis

End-User Outlook (Revenue, USD Million; 2017-2027)

Hospitals
Ambulatory Centers
Research Centers

Application Outlook (Revenue, USD Billion; 2017-2027)

Cancer
Neurodegenerative Diseases
Wound Healing
Orthopedic
Cardiovascular diseases
Autoimmune Diseases

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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